BTCNEXT Announcements

    BTCNEXT Exchange Update #6

    BTCNEXT Exchange Update #6

    The exchange is working superbly now and we are following our daily tasks. This week we made several changes and improvements and are ready to share them with you. The markets brought us some surprises too, so why to waste any precious time - read about all about the updates right now!

    Traditional market

    There were two major news highlights last week. The first was the successful OPEC+ negotiations regarding the reduction of oil production. Despite this, there is no demand for oil and its price has not risen.

    The second is the US national emergency announced by Donald Trump. This news could hit the stock market. The S&P 500 may very well begin to decline. However, trade statistics from China convey a generally optimistic mood. Asian indices show a stable growth of 1.5-3% over the past week.

    Crypto market

    Bitcoin is moving sideways. One day the price rises above $7,000, then it drops to $6,500. Everything will depend on the situation in the classic markets of the near future. The BTC will start moving down to the mark of $6,200 if there is a collapse there. We should expect a consolidation above $7,000 in a neutral situation.

    The market rolled back its position by about 10% last week. All cryptocurrencies on our exchange lost in value, the DASH was the least affected, dropping only 1% in a week. LTC recorded the biggest loss in value, it fell by 12%.

    The week was not the best for our coins either. BNX lost 20% in value over the week, QDAO fell by 15-20% paired to the dollar but it holds a stable position in a pair with BTC. NOAHP also fell by 25%, amid a general market decline.

    BTCNEXT Exchange updates

    This week was not marked by big events like the transition to a new core or anything of that magnitude. Instead, we are continuing with our daily work and have some regular updates to share. So our team:

    Daily volumes and statistics on the BTCNEXT Exchange have changed since last week. The trading volumes show the general mood in the market:

    • BTC - $0.9m
    • ETH - $0.77m
    • DASH - $0.74m
    • BNX - $1,500
    • NOAHP - $4,000
    • QDAO - $5,500
    • The total average daily volume on the exchange is $5m.